John Gerard Metcalfe, from Essex, was declared bankrupt in 2013 following legal action after he defrauded several individuals and at least one company as part of an investment scam he had run, which saw the victims lose over 2 million.
Metcalfe was subsequently convicted of fraud offences in 2017 and the Crown Prosecution Service (CPS) obtained a compensation order, meaning that he was required to pay as much as he had funds for at the time. It also meant that if Metcalfe came into money at a future date, the CPS could order additional money to be distributed, ensuring that the victims and creditors could receive full compensation.
However, in 2023, the Official Receiver, responsible for overseeing Metcalfe’s bankruptcy, became …
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